Business

Bitcoin ETFs Suffer Record 9-Day Outflow Streak as $2.8 Billion Leaves Funds

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US spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest streak of withdrawals since the products listed in January 2024. SoSoValue data Over the nine sessions, investors withdrew about $2.8 billion from funds, surpassing any previous period of sustained selling pressure. U.S. spot bitcoin ETFs lost about $1.3 […]

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Bitcoin (BTC) Underperforms Risk Assets as Record 9th Day of ETF Outflows Signals Declining Demand: Crypto Daily

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Bitcoin BTC$73,557.64 is stabilizing near $73,500, about 10% below its monthly high of $81,000. The data suggests the stand reflects a shortage of new buyers rather than a plethora of sellers. Risk assets rose broadly after reports that U.S.-Iran talks could reopen the Strait of Hormuz, a vital oil passage, lifted sentiment. “Expectations of a

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Crypto, stocks split as failed Bitcoin breakout continues to weigh

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Bitcoin BTC$73,495.23 rose 0.4% since midnight UTC on Friday and was only up 0.07% recently after falling to its lowest level since early April the day before. Thursday’s drop extended a decline that appeared over the past three weeks after an unsuccessful attempt to climb above $83,000. It is now possible that the rejection contributed

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Solana, Sui and Aptos wallet data targeted in TrapDoor package attack

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A new cryptocurrency theft campaign is targeting developers most likely to have wallet keys, cloud credentials, and production access on their machines. Researchers at security firm Socket said earlier this week they identified a supply chain attack called TrapDoor, spread across three major open source programming registries, with more than 34 malicious packages and hundreds

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STRC Falls Below Average as Strategy’s (MSTR) Cash Reserves Face Increasing Scrutiny

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The strategy’s favorite perpetual stock, Stretch (STRC), fell as low as $97.11 on Thursday as Bitcoin BTC$73,675.03 slipped to the $73,000 mark. STRC tends to face selling pressure during Bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on November 20 and February 5. The ex-dividend effect typically results in a

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OKX Ventures buys $53 million stake in Korean exchange Coinone

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OKX Ventures, the investment arm of cryptocurrency exchange OKX, will invest KRW80 billion ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest recent investments by a global cryptocurrency company in Korea’s digital assets sector. Korea Investment & Securities (KIS), one of South Korea’s

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Bitcoin and Ether Stable Despite Record Inventories, Falling Oil and Easing War Fears

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A convergence of record levels of global inventories, oil at its lowest level in several months and an attempt to extend the ceasefire between the United States and Iran have not helped to support bitcoin. BTC$73,603.36 price. The largest token is still hovering around $73,000 after sliding nearly 6% for the week, as institutional buyers

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XRP Bounces Above $1.30 After Surging Volumes, But Bears Still Control the Big Picture

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XRP finally found buyers near the bottom of its range after spending much of May falling, but the rebound has yet to change the broader pattern. The move above $1.30 was accompanied by one of the strongest volume increases in days, although the price remains well below levels that would signal a true trend reversal.

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